40 Reindeer Drive, Toronto, ON
Rouge E11, Toronto · MLS® E13158778
About this home
Welcome to this rare, founding end-unit 3 Bedroom and 3 Bathroom townhouse situated on a premium ravine lot, offering the perfect blend of privacy, modern comfort, and convenience. This beautifully maintained home features a bright open-concept layout with large windows that fill the space with natural light. The modern upgraded kitchen is designed for both functionality and style, complete with quality cabinetry, Quartz countertops, and ample storage, perfect for everyday living and entertaining. The home also boasts a fully finished walkout basement, providing additional living space ideal for a family room, recreation area, or potential rental opportunity. Step outside to a huge private deck overlooking the peaceful ravine, perfect for relaxing, hosting gatherings, or enjoying nature right in your backyard. Located in a highly sought-after neighbourhood with well-rated schools, this property offers unmatched convenience. Major amenities, shopping, community center, and Highway 401 are all within just 5 minutes of driving distance, making commuting and daily errands incredibly easy. Enjoy a huge backyard with peaceful ravine views, offering exceptional privacy and space for outdoor living. Perfect for families who love nature and extra outdoor space, while also presenting great potential for investors with endless opportunities.
Key facts
- Property type
- Townhouse, 2-Storey
- MLS®
- E13158778
- Bedrooms
- 3
- Bathrooms
- 3 (1 half)
- Size
- 1500-2000
- Lot
- 22.83 × 101.57 ft
- Cross streets
- Morningside and sheppard
- Parking
- 1 garage · 4 parking (built-in)
- Driveway
- Available, Private
- Basement
- Finished with Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Vinyl Siding
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $3,966 / 2025
- Days on market
- 57
- Listing brokerage
- ROYAL LEPAGE IGNITE REALTY
Rooms
Combined w/Kitchen
W/O To Ravine
hardwood floor · combined w/dining · bay window
walk-in closet(s) · 4 pc ensuite · overlooks ravine
overlooks ravine · hardwood floor
hardwood floor · open concept
quartz counter · open concept · modern kitchen
hardwood floor · combined w/living
bay window · large closet
Listed at $841,000, this home is right in line with comparable homes. The number above is my independent estimate of value, not the asking price.
There were not many closely comparable homes right in Rouge E11, so I widened the search to the surrounding area.
Based on 5 similar homes nearby, adjusted for size, beds, and baths.Median of 5 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $712K, a bit lower.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $1000K
- Adjusts to $1000K
That comparable adjusts to $1000K; the $800K estimate above is the median of all 5 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
Its public catchment (Alvin Curling Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Sheppard Ave East at Rouge River Dr is about a 4-minute walk away.
Total price vs nearby homes. Fair value about $800K, median of 5 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Walk-out basement: natural light and strong in-law or income potential.
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits.
- Open-concept layout: modern, sought-after flow.
- Income potential
- Worth verifying
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest active listings nearby.
See all comparable homesThis home lists 28% below the area average of $670/sqft.
48 days longer than the Toronto average (9 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Rouge E11, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Many errands can be done on foot; a car still helps.
🚉 Nearest transit: Sheppard Ave East at Rouge River Dr, about 306 m away
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $672,800 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,590
- Property tax
- $331
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $3,921
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $13,295
- Toronto municipal land transfer tax
- $13,295
- Estimated closing costs
- $26,590
Plus your down payment of $168,200. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $215,419
- Principal paid down
- $85,681
- Interest paid
- $129,737
- Balance remaining
- $587,119
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ROYAL LEPAGE IGNITE REALTY. MLS®/PropTx.